The Ho Chi Minh City Stock Exchange (HOSE) has just announced a list of 83 stocks that are not eligible for margin trading in the second quarter of 2024. This number is 21 stocks lower than the previously announced list. This means that many stocks are granted margin again, including stocks of Novaland , Quoc Cuong Gia Lai, Gilimex...
For example, NVL shares of Novaland Group have been removed from the list of stocks not allowed to trade on margin after the profit results in the 2023 audited financial statements were available. Previously, NVL was not granted margin by HOSE because the after-tax profit allocated to the parent company's shareholders in the 2024 consolidated semi-annual financial statements was negative. At the end of 2023, Novaland's net profit (after-tax profit of the parent company's shareholders) reached nearly VND606 billion, down 72% compared to 2022 but enough to remove NVL shares from the list of stocks not allowed to trade on margin.
NVL shares of Novaland Group are granted margin again
Similarly, QCG shares of Quoc Cuong Gia Lai Joint Stock Company were also allowed to lend on margin again when the audited consolidated financial report for 2023 showed that the company had a profit after tax of more than 3.1 billion VND. This profit level is only 1/20 of the whole year of 2022.
Another real estate and construction stock, DC4 of DIC Holdings Corporation, is no longer on the list of stocks that are suspended from margin lending. By the end of 2023, DC4 achieved a sharp increase in consolidated revenue of VND577.9 billion, VND314 billion higher than in 2022. At the same time, the company's after-tax profit for the whole year of 2023 reached VND107.3 billion, while in 2022 it suffered a loss of VND1.8 billion.
Or Binh Thanh Import-Export Production and Trading Joint Stock Company (Gilimex - stock code GIL) has also encountered difficulties in the past time, causing a loss of more than 44.3 billion VND in the first 6 months of 2023. This is the reason why GIL shares cannot be mortgaged. However, at the end of 2023, GIL achieved revenue of 936.3 billion VND, down 70.4% and after-tax profit of parent company shareholders of more than 28.4 billion VND. Although it still decreased by more than 92% compared to 2022, the profit also helps GIL shares to be allowed to be granted margin...
In addition, some stocks will also be allowed to lend margin again from the second quarter of 2024, including HT1 of Vicem Ha Tien Cement Company; ABS of Binh Thuan Agricultural Services Company; DAH of Dong A Hotel Group...
Source: https://thanhnien.vn/co-phieu-novaland-quoc-cuong-gia-lai-duoc-cap-margin-tro-lai-185240405084808178.htm
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